Examlex
In a(n) _____,throughout the range of market demand,marginal cost is less than average cost and pulls average cost downward.
Deadweight Loss
An economic efficiency loss that occurs when market equilibrium is not achieved or when externalities are present, leading to a loss of total welfare.
Deadweight Loss
A loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved or is unattainable.
Units Bought
Refers to the quantity of a particular good or service purchased by consumers or businesses.
Tax Imposed
A financial charge or other levy placed upon an individual or a legal entity by a state or a functional equivalent of a state.
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